The new Political Constitution, officially enacted by the President of the Plurinational State of Bolivia on February 7 2009, is a complex set of rules, with a strong nationalistic approach, where the State is to take a very active role in the economy.
While most Bolivian law firms have long favoured La Paz as their
choice of headquarters, Santa Cruz, the largest city in the country, is
gaining momentum. "[The] main firms are still based in La Paz, but most
of them have opened offices in Santa Cruz – Santa Cruz has turned into
the economic motor of the country," one partner says, while another adds
that "in terms of economy, Santa Cruz has been growing, but La Paz
continues to be the centre of business and legal activities"....
CONTEXT AND TRENDS
"There are two main sectors where large deals are happening," one lawyer says. "One is mining, and the other is construction....